Post
Topic
Re: [ANN] [XSH] TOR/i2p, Quantum proof, MN, PoS/PoW, Fully ano, SHIELD
by
SHIELDcurrency
on 20/03/2018, 16:27:30 UTC
Hi all,

i saw that the blocktime should be 45 s and that the coin exists since october 2017. That means it exists since almost 5.5 months. When i'm calculating the theoretical blockcount there should been about 316'000 blocks by now. But actually there have been 617'000 blocks mined by now. That means its almost 2x of the predicted blockcount. Can you tell me why there have been so much blocks by now?

The roadmap looks ambitious, but disregarding that 660 Mio max coin supply is to much in my eyes you already created 91% of the whole supply in the first 5.5 months. There is not much incentive left to mine that coin after block 714'000 (which will be achieved next month).

It was a fault to let more than 50% of the coin supply to be created in the first 12 days.
you just answered your own question.
Missleading potential miners by stating 'No premine. Dev team funds are only from donation' in the announcement, and then 3 people premined 200.000.000 coins within first week
Now they try to pump and dump, or pump first, sell coins for 'masternodes' then dump
This is one of the shittiest shitcoins ever anounced. Friendly advice, stay away from it, and stay away from all premined that future PoS coins


Please stop spreading fud, there has been enough proof that we in fact did not premine.



This is plein and full fud. And a desperately cheap and frustrated one. The post was announcing a block rewards scheme and and the mining started after the publication of the project on bitcointalk. The absence of windows working wallet on launch leaded to an incredible amount of fud and the early miners who took the risk to step in got rewarded according to the public informations regarding the block rewards scheme that was presenting rewards reducing over time. First come first serve. There was no premine and people can check this through the history of the coin here and on Discord.

Now i am learning even more bad news of the project. only three miners mined almost 40% of the coin supply within 12 days and Devs made a project statement as no premine that's obviously misleading that will lead pure pump and dump. People raising very important concern in a month and half it will mine max supply of the coin 660 Mil. Then what was Masternode incentive and what they are going to mine when coin already reach max supply. I already asked this question before but seems no one interested to answer in this thread. Dev or long time members of this project etc. I invested in this project at 10 cents to create Masternode and now i am down by 70%.

I was really not concerned until i learn deeply in to these above news, Those three people completely controlling the project with pump and dump why is this not a conern and how these legit questions are a FUD. Dev can you clarify what Masternodes are mining and or getting incentivised after reaching Max Supply 660 Mil.

I don't know where anyone got the information that 3 people control 40% of the total coins, but as far as we know (and as far as we can now) this isn't true. This wasn't mined in the first 12 days either and especially not by 3 people as we had at least 50 miners in the first few days. Please if anyone tells you stuff like this ask for proof -- it's easy to claim something. As far as the masternode reward goes, we're still working on exact numbers but it'll be a low inflation system. We'll most likely change the reward scheme for the MN/PoS hf.